Businesses across the world are on a mission to leverage and deploy artificial intelligence (AI) for better efficiency and improved outcomes. How ready are Indian businesses to get ahead in the race?
The major pillars of readiness are strategy, infrastructure, data, talent, and governance. While Indian businesses do well in terms of strategy and talent readiness, gaps remain in infrastructure, data and governance readiness.
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Overall, according to to the Cisco AI Readiness Index 2023, only 26% of organisations in India are fully prepared to deploy and leverage AI – but this is higher than the global average of 14%. 42% are moderately prepared, 31% have limited preparedness, while 1% are unprepared.
Sectors like technology services, finance and retail tend to be better prepared, while media and communications, education, transportation etc. tend to be under-prepared.
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